Sian Fisher, the under fire CEO of the Chartered Insurance Institute, is to step down after more than six years in the role. Ms Fisher and the CII board have been criticised for their controversial decision to de-register the Personal Finance Society, the CII’s Financial Planning arm, and for axing the role of PFS CEO. […]
Archives for 2021
Trio face FCA fines over £5.9m SIPP transfer scam
The Financial Conduct Authority has warned two IFAs and a stockbroker that they face fines and regulatory action over their alleged role in a £5.9m SIPP pension transfer scam. The regulator has issued a warning notice to the trio that it will take action, including potential fines, over the scam. The individuals include 2 IFAs […]
Franklin Templeton’s “custom indexing” deal turns up heat to embrace investing’s hot trend
Accounting Methods: How to Pick the Best Option for Your Business
Accounting can be a daunting task when starting out, especially if you’re not an accountant. And depending on your business, how you must handle accounting can change. So, what are the accounting methods, and how do you choose which method to use for your business’s bookkeeping? 3 Accounting methods There are two types of accounting […]
Quarter under-35s value Planners more than pre-pandemic
Almost a quarter (23%) of under-35s value professional financial advice more than they did before the start of the Coronavirus pandemic, according to a new report. One in eight (12%) of UK adults now value professional financial advice more, according to the survey by advice network The Openwork Partnership. One in six (16%) of those […]
Top securities frauds last year? Promissory notes, stocks and social media, NASAA says
RIA Leaders 2021: The billionaires’ RIA flies beneath the radar
Pareto FP forges partnership with accountancy firm
Pareto Financial Planning has partnered with accountants and business advisers Beever and Struthers to provide staff and clients with independent financial and wealth management advice. The two Manchester-based firms have signed a deal to work together to provide services to each other’s clients. The deal will see Pareto specialist adviser Chris Colclough based at […]
Chartered Planner flags up IHT rebate opportunity
Falling property prices could mean some families can reclaim a windfall of thousands of pounds in inheritance tax, a Chartered Financial Planner has predicted. Following news of the end of the stamp duty holiday, property prices fell by an average of 3.7% in the UK in July compared to June. Sean McCann, Chartered Financial Planner at […]
Net Unrealized Appreciation (NUA) Tax Strategies For Modestly Appreciated Stock
While pre-tax distributions from retirement accounts are generally taxed at ordinary income rates, an exception to this rule applies to appreciated employer securities distributed from an employer plan that are a part of a Net Unrealized Appreciation (NUA) transaction. In such instances, the NUA (i.e., the appreciation on the employer securities that occurred within the […]